Yes, it is exactly what I faced when I saw the requirement of x5 wagering. I knew that most casinos have a maximum wagering requirement of x2 in worse casees, I never thought it would be more than that but surprisingly it's x5, which I and most players think is too high, even to prevent money laundering or coin mixing.
Which casinos offer a 2x rollover? If it's as low as 2x the bonus they're offering must be close to nothing. In passing I've seen them go as high as 10x in the past so it doesn't seem like 5x is that unreasonable depending on what the bonus deposit looks like. I don't really understand the outrage on this thread. The Trustdice team is saying that the dice game makes it easy to complete the wagering requirements if it's a small one, so they set it like this but still their right of course, but like this it will make you lose most of the time than winning, with like a 90% chance of losing while trying to wager if not your whole deposit, you will lose part of it, and it's a bit annoying and makes it hard to withdraw profits from the casino. The bonuses always have strings attached in order to provide upside to the casino. It's safe to assume that every bonus deposit comes with the presumption that the casino will try and recuperate the bonuses + initial deposit with rollover attachments. |
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Generally sound advice; however, casinos are at no obligation to accept KYC documents and can deny them arbitrarily. Not that I've dug too deeply into the legal jargon of the ToS from some of these casinos, but I'm sure some of the shadier ones will explicitly state in the ToS that balance forfeiture is completely within their rights as a casino. The ToS you read on their websites become utterly useless if there's arbitrary enforcement or if there isn't any solution to violation of the ToS on behalf of the player. They read like legal contracts. None of these casinos are in jurisdictions that would allow you to hold them accountable to their own ToS should they violate their own rules. Don't just rely on the ToS, rely on reputation. |
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Interestingly enough, Sri Lanka owes a fair bit of money to Blackrock. I didn't expect them to be a creditor because Sri Lanka was an endless money pit, especially after they defaulted on the debt a year ago. Blackrock seems more prudent than to torch their investor money on fire, but to each his own. Turns out China is one of the largest single entity creditors on behalf of a nation in the region, owed nearly 7 billion whereas India is only owed 1 billion. IMF approved a 3 billion aid plan as of last month.
They're strapped for cash and there isn't repayment in site. Selling monkeys is the least of their problems.
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Convenience is one of the major reasons why most Bitcoiners use centralized exchanges. Aside from that, many incoming Bitcoin users are informed by the advertisement of these centralized exchanges. In short, centralized exchanges are the reason why these people get involved in Bitcoin so it is logical that these people who are informed by centralized exchange to use their services. That is what I think why most of us uses centralized exchanges the same way I also use centralized exchange because it is the one that introduce Bitcoin and other cryptocurrency to me.
Part of that convenience is that people have the false belief that CEX is safer because should any issues arrive, they have an entity to seek some sort of remedy. What they don't realize is that most of these exchanges don't operate within their jurisdiction and could disappear the next day without providing them an explanation. CEX gives the illusion of safety because a 3rd party intermediary exists but it's that 3rd party intermediary that should provoke the most distrust. |
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Do nations really need to have a financial reserve in a particular currency of a nation? What are the implications of having reserves in multiple currencies? The dollar has been very stable because the US and its allies have always controlled the world economy. Currently, more nations like China and others have built their economy and they also want to control some segments of the world's economy.
The point is diversification. Should any single currency fail, your portfolio will not entirely lose its value. USD is not stable anymore. Setting aside inflation -- more countries are becoming cautious about the U.S. governments ability to levy sanctions and forfeit assets against a particular country for their own internal political battles. Should you have USD and your country becomes barred from doing business with companies that the U.S. government has jurisdiction over, your currency loses a fair bit of value. The alternative isn't Yuan, it would be a decentralized asset. Some countries are turning to gold but IMO bitcoin would solve a lot of the issues that currency reserves have. |
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India was supposed to be the next super power, except they can't even be bothered to fix their sanitation problem to stop open defecation. The strategy for China and India was to produce as many children as possible to raise their GDP, even if meant a large portion of their population was dying in poverty. Hopefully the rest of the developing nations don't follow their strategy. The upside is that we are breeding a new flavor of mongrel goyim using the Chinese males sent over to Africa for construction projects who mate with African females. It will be an intriguing experiment for us fans of Kalergi, and especially if some fraction of the Chinese decide to make Africa their home. Of course the joys of social credit score technocratic totalitarianism are sure to draw most of the guys back to their motherland. The Chinese had started some infrastructure projects in the early 2000's after FOCAC formed. Looks to me like some of these partnerships failed because of the cultural incompatibilities but others might speculate differently as to why. Chinese males settling in parts of Africa would be a shock. |
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One of the biggest problems in the industry is that there is zero liability and no obligation for influencers to do due diligence on the products and services they advertise. As long as they publicly state that its advertisement, that they produce content for a product or service in exchange for a payment, they are good to go. Of course it can't be anything that is illegal per se, but advertising casinos has become a huge thing. I have read an article a while ago about the amounts of money that companies like Stake.com pay to influencers for pushing their brand. It is inconceivable. For just a few posts or repeatedly mentioning the gambling websites, six figures is the absolute minimum. But if they decide to take the advertisement on a Twitch stream (although this is prohibited in some places), you immediately talk about millions of dollars when the follower count is a million or more. But how immoral is that? Many of them built their follower count due to talking as if they had values, were a person that is worth following and bla bla. But when the right offer comes, many of them pull the mask off their face themselves.
The problem with casino influencers is the ambiguity in their how the sponsorships work. They'll purport to the viewer that there's a sponsorship involved and the bankroll they play with are provided by the casino, and the losses aren't actually realized even if they torch their bankroll. Some portion of crypto "influencers" are just shills that won't even disclose their financial conflict of interest. Not even the sponsored casino content producers will do this. The other division of this space are the moronic celebrities that know nothing about crypto but will gladly take a check from random crypto enterprises and will become their cheerleaders. How can we forget the FTX "influencers" who seemingly had nothing to say when it collapsed? |
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What do you call an alternative? YUAN? Are you seriously ? Do you really not understand why China is doing this? More precisely, why does he manipulate not very smart "friends"? For the fight against the dollar? On which does China's economy and industry depend? Are you seriously ??  I’ll tell you: for another half a year, or maybe more, when the screeching “BRICS is abandoning the dollar and switching to local currencies” and “More countries are joining the BRICS” just started to rise actively, I then wrote - there will be no local currencies. There will be YUAN!!! And there will be no dollar in the gold reserves of other countries! This is China's goal. The export of inflation will concentrate the movement of the dollar on itself as much as possible. And this is done precisely through the "unification of the countries" of the BRICS. All will trade within the BRICS only for RMB. No one will be able to sell their products to the Western world for hard currency. And China, having bought it for its yuan, will sell it to the West for DOLLARS, which it will keep for itself, in order to buy technology, equipment and everything that allows China to be the "second economy in the world" in the West. I hope now you will begin to understand what this whole "China game with idiot friends" is all about?  China tried this strategy in Africa, trying to garner international relationships and force countries to form dependence on them giving them leverage. Many Chinese companies were doing business in Africa in the 90's and early 2000's but the partnerships never really came to fruition. Yuan is even worse than USD so any country emptying their reserves for Yuan will eventually find the same problems they had with USD. |
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Free market capitalism plus democracy gives you the worlds greatest economy. It isn't a difficult formula, we can look at Israel as an example:
Israel initially started off mostly as a socialist nation because of the government spending into social welfare stimulus. In just a few generations they took a socialist nation with high government spending of social welfare programs with low GDP into a country that participates in the global economy with advanced medical/military research sectors. Benjamin Netanyahu became PM in the 90's and adopted free market capitalism (also reduced social welfare), and Israel's GDP over the last two decades increased massively.
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Does that mean China is utilizing this negative situation in the US on crypto to its favour or they are just testing the possibilities in order to regulate it. Do remember this is how China became the 2nd larget economy in just 20 years.
China's GDP rise was because of its manufacturing sector and low cost of labor. Turns out communism works out really well when millions of people are working at slave wages set by the government in order to grow the country's economy. They've dialed back on the poverty a bit and redistributed the wealth they've gained, but their growth won't be sustainable. As for their Bitcoin bans, the U.S. won't be far behind in attempting to introduce their own digitalized currencies while implementing Bitcoin regulations. Europe will be the same way. |
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Banning crypto is no more effective on crypto itself, it's now more like a pure joke, I would still like to see the U.S embrace crypto more than China, just my own answer to my question, what about you?
This is a low bar because China has a soft "ban" on crypto currency. I have yet to see any strict enforcement or fines being levied against crypto users, but it's not as if China is welcoming of crypto. Anything that isn't overt government ban is more embracement of crypto than what China currently has. The Biden administration are planning regulations on crypto and it would not surprise me if they introduce CBDC's after the 2024 election if he wins. They're already trying to roll out the regulatory framework that would allow for CBDC's to displace Bitcoin. Don't rely on the goverment to embrace crypto. |
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There are enough resources to sustain basic quality of human life. Birth rates are going down in most countries anyways so the unrestricted exponential population growth is going to level out at some point -- though for economic purposes, it's good to have a large working population that will be able to subsidize the older demographic (which will eventually become the largest demographic if birth rates don't keep up and life expectancy goes up).
Seems like doosmday hysteria when people suggest we'll run out of resources.
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Latest opinion polls just confirm the trend. Trump is having the advantage, both for the Republican nomination, and for the 2024 POTUS election. The poll from Economist/YouGov puts him ahead of Biden by 1% (44% vs 43%). Now this may look like a narrow lead, but remember that Trump actually trailed popular vote by 3% in the 2016 POTUS election which he won. So a 1% lead would translate to a landslide win at the electoral college. And Ron DeSants continues to lose support. None of the polls in any of the states have him ahead (or even close to) of Donald Trump.
I think Trump is doing a great job in terms of advertising/marketing. You hear more about him than the actual current president of the United States, and he continues to make headlines all around the world. I wouldn't be surprised if he wins the next election. That advertising is to his detriment, though. It's why he lost the 2020 election despite his opponent campaigning from his basement. The core Biden campaign strategy was to let Trump enjoy his media fame because it would cost him with suburban white women voters. There's a voting shift in the U.S., seemingly, where the "wine moms" can't help but vote democrat which is giving them the margin of victory in contested races. Trump will win the Republican primary and will probably do so in a landslide. Ron DeSantis would perform better in a general election and for that reason, the Biden administration would much rather have Trump to face. Even against someone as unlikeable as Hillary Clinton, Trump won by <100k votes scattered among some swing states. He doesn't perform well in the general even though Trump himself thinks he's good at marketing. |
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Modern currency is just a proxy for military power + natural resources. USD/Yuan/Euro are the strongest currencies because each region controls the worlds resources and dominate the geopolitical sphere. Even Russia can have a strong currency solely backed by energy exports even though every other sector of the economy has receded post war. Warren Buffet has made his money through the speculative stock market, so I find the irony palpable. If he considers Bitcoin to be gambling, then his fortune made via the stock market must follow the same principle because the stock market is a zero sum game. |
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Currently my country government has turn humans to museum, moving without no direction, helpless and monuments because for over 3 months now the government has seized to release money in circulation, banks refused to fix money in ATM's, no canter payment.
Everyone is helpless, no money no good food, no transportation, no job, no love, no smiles, no good health.
Understand that humans are fallible which is why trusting them in powerful positions to control major pillars of society will ultimately end in failure. I suppose that's why we're all Bitcoiners to begin with -- many of us don't have faith in the institutions as other people do. Don't rely on government to fix things, no less economic matters. Humans are inherently selfish and act within self interest. |
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What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.
I would suggest anyone who takes automatic deductions from their income and put it into a savings account look into transferring those funds into an investment account unless you need short term liquidity. If you're holding fiat currency, then note any and all funds that remain stagnant and outside of investment accounts are losing purchasing power every day that it sits there. If you keep those funds around for 20-30 years, you will have lost minimum 2% year over year. You don't necessarily need to automate this process unless you're having budget problems, though. Seems to me it'd make more sense to set aside funds month by month depending on what your expenses are for that period. |
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The western sanctions will have a slow and graduate impact over the Russian economy. The negative impact will probably be higher in the upcoming years. Russia still has currency reserves, so the budget deficit can be covered. I wonder what will happen, after Russia consumes all the currency reserves and the budget deficit increases? Where will the Russian government find money to cover the budget deficit? Increasing taxes? Seeking a foreign loan from China, India or Saudi Arabia? Cutting government costs(which is close to impossible right now)?
Anyway, the life of the "average Ivan" in Russia won't change that much in 2023.
A year ago, Biden told everyone that the Russian economy had already been torn to shreds twice. Then the rhetoric changed that sanctions are working very slowly and the most terrible consequences will be sometime in the future. And then gradually comes the epiphany that right now the annual inflation in Russia is 3.5%, which is less than in the US and much less than in Europe. But you wait and believe, sometime in the future, the sanctions will definitely work as they should. Western sanctions remind me of the prohibitions of our RosKomNadzor, according to which this forum is not accessible from Russia. I am from Russia and I am here. Overly aggressive sanctions backfire, the west was too incompetent to realize that. If the Biden administration had any remaining brain power left, they would've flooded the market with every hydrocarbon energy source imaginable in order to undercut Russian energy exports. They didn't do this, but instead increased reliance on green energy which doesn't even meet the energy demands of the west. Europe took this approach as well. And all of this made Russian oil more valuable. Ironically enough, USD was weakened over the past two years. Somehow, Americans are shocked to learn that sanctions are mutual destruction. |
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Unfortunately the retirement age is going to rise as the aging population live longer and run out of funds because they did not save/invest enough. Hardly any of these workers are "living their dreams," only working so they can afford to live. The mistake I see people making is they start investing too late. Investing when you're young is crucial because they grow over 30-40 years ensure that you'll at least have something to retire on. It isn't ever too late to invest, I just think people should be cautious about starting too late and not having enough when you cash out. |
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It wouldn't make sense to have global regulatory framework when each country views crypto differently. Even the U.S. and Europe are a bit hesitant on how far they should take regulations because they see crypto as an opportunity for tax revenue.
Some of the countries that are still developing (India and China) probably see it more prudent to regulate crypto more stringently because they need their currency to gain more global competitiveness. Bitcoin would be a direct competitor.
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